Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
February 23, 2012
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Indonesia toll projects Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
Tendering is opening for a new toll road project in the Philippines. The 8km toll road link will link the South Luzon Expressway (SLEx) and the North Luzon Expressway (NLEx). The is handling the tendering process. Manila North Tollways Corp (MNTC) has offered close to US$401 million for the project but the Philippines Government is keen to open up the tender to other companies. MNTC is the toll road division of Metro Pacific Investments and currently operated the NLEx route.
The Nepalese Government is to receive a loan from the Japanese International Cooperation Agency (JICA) for a key tunnel project. The JICA loan is being offered at an interest rate of 1% for the next 40 years. The project is expected to cost in the region of US$150.1 million to construct. The new link will reduce traffic congestion on the existing Nagdhunga-Thankot road. Work is expected to commence in the next 18 months. The survey for the 2.5km tunnel has been carried out by the Department of Roads.
